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How Investment Income Is Taxed

Investments can represent a major source of income for some individuals and with that income comes a wide variety of tax implications. The good news is that some types of investment incomes are subject to special tax treatment.  Understanding how your investments are taxed is an important part of your financial plan.  The most common types of investment income most investors will have to deal with are interest, dividends, and capital gains.



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TFSA Contribution or Mortgage Payment?

The question of reducing debt or contributing to savings will continue to be debated for as long as people plan to retire in Canada.

Of course opting for both: reducing debt and increasing savings is the ideal.  As for which is better, however, really depends on the individuals involved, their goals and feelings and their unique financial situations.



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Disclaimer

This information is designed to educate and inform you of financial strategies and products currently available. As each individual’s circumstances differ, it is important to review the suitability of these concepts for your particular needs with a Qualified Financial Advisor.